Ghe LLC Increases Stock Position in TriNet Group, Inc. (NYSE:TNET)

Ghe LLC increased its position in TriNet Group, Inc. (NYSE:TNET) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,501 shares of the business services provider’s stock after acquiring an additional 180 shares during the period. TriNet Group comprises approximately 1.9% of Ghe LLC’s holdings, making the stock its 14th largest position. Ghe LLC’s holdings in TriNet Group were worth $3,152,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC grew its position in TriNet Group by 11.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 10,077 shares of the business services provider’s stock worth $1,198,000 after purchasing an additional 1,073 shares during the period. Illinois Municipal Retirement Fund bought a new stake in TriNet Group in the 4th quarter worth approximately $578,000. California Public Employees Retirement System grew its position in TriNet Group by 8.0% in the 4th quarter. California Public Employees Retirement System now owns 78,375 shares of the business services provider’s stock worth $9,321,000 after purchasing an additional 5,824 shares during the period. Wedge Capital Management L L P NC grew its position in TriNet Group by 253.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 144,083 shares of the business services provider’s stock worth $17,136,000 after purchasing an additional 103,330 shares during the period. Finally, Jennison Associates LLC bought a new stake in TriNet Group in the 4th quarter worth approximately $662,000. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TNET shares. TD Cowen lifted their target price on shares of TriNet Group from $129.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 target price on shares of TriNet Group in a research report on Friday, March 1st. Stifel Nicolaus lifted their target price on shares of TriNet Group from $117.00 to $121.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, StockNews.com raised shares of TriNet Group from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, TriNet Group presently has an average rating of “Moderate Buy” and an average target price of $119.17.

Insider Buying and Selling

In related news, Director Wayne B. Lowell sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $122.22, for a total value of $1,222,200.00. Following the completion of the transaction, the director now owns 84,766 shares of the company’s stock, valued at approximately $10,360,100.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other TriNet Group news, CFO Kelly L. Tuminelli sold 4,396 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $122.67, for a total value of $539,257.32. Following the sale, the chief financial officer now owns 65,999 shares in the company, valued at approximately $8,096,097.33. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Wayne B. Lowell sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $122.22, for a total transaction of $1,222,200.00. Following the completion of the sale, the director now owns 84,766 shares in the company, valued at approximately $10,360,100.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,052 shares of company stock valued at $3,837,142. Company insiders own 37.10% of the company’s stock.

TriNet Group Stock Performance

Shares of TNET stock traded down $2.21 during mid-day trading on Wednesday, reaching $127.45. 221,789 shares of the company’s stock traded hands, compared to its average volume of 222,199. TriNet Group, Inc. has a 12 month low of $79.00 and a 12 month high of $134.67. The firm has a 50 day moving average price of $128.24 and a two-hundred day moving average price of $119.43. The company has a debt-to-equity ratio of 12.62, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $6.45 billion, a PE ratio of 19.64 and a beta of 1.09.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.46. The firm had revenue of $326.00 million during the quarter, compared to the consensus estimate of $300.36 million. TriNet Group had a net margin of 7.62% and a return on equity of 87.97%. On average, research analysts forecast that TriNet Group, Inc. will post 5.79 EPS for the current year.

TriNet Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, March 28th. TriNet Group’s dividend payout ratio is currently 15.41%.

About TriNet Group

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.